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57
Volume XCI Number ^
trojan
University of Southern California
Monday, November 23, 1981
Accreditation reaffirmed by judging commission
By Laura Rodriguez
Assistant City Editor
The university's accreditation with the Western Association of Schools and Colleges was reaffirmed after the commission reviewed the university’s actions of the past five years.
The accreditation team visited the campus in the spring and discussed its observations with administrators, faculty and the university president.
because the senior vice presidents’ positions had not been filled.
Since that time, however, President James
H. Zumberge has defined the responsibilities of the vice presidents and their interrelation with other university components.
The collegiate association said that another clarification within the governing body of the administration was needed concerning the roles of the Board of Trustees and the President’s Advisory Council. Although the coun-
‘The restructuring of general education requirements and the university’s involvement in the community were noted as effective methods of enhancing the educational program. ’
Representatives of the university prepared a self-study report that reviewed modifications of the university since the last accreditation, and evaluated its accomplishments and deficiencies.
The collegiate association mentioned the following among the notable aspects of the university's progress: increased academic standards for students, challenging promotion standards for faculty, the continued ability to obtain financial support for associated enterprises as well as grants and contracts, and the extension of student services.
The commission also commended the university for its emphasis on research and scholarship. Even though federal budget cutbacks are evident, the members of the commission said they felt the university needs to hasten research in some departments.
The association reported that it foresees positive results in the Office of the President, though adding that the authoritative structure was unstable at the time of their evaluation
cil’s role as communicator between students and staff apparently has been reinforced, the commission said that Faculty Senate power as a faculty channel has weakened.
The restructuring of the general education requirements and the university’s involvement in the community were noted as effective methods of enhancing the educational program. However, the commission said the university employed an excessive number of part-time faculty members.
During the previous accreditation process, the members of the association said they believed that the university library holdings and undergraduate student services were insufficient. Since then, the university has taken appropriate steps toward correcting the deficiencies in these areas, though the commission stressed that the university continue to fully achieve these goals.
(Continued on page 8)
Staff photo by Rob Potter
THE THRILL OF VICTORY — Place-kicker Steve Jordan rejoices the blocked kick that gave the Trojans a 22-21 win. Jordan kicked the PAT that gave (JSC the winning edge.
University treasurer to leave post Nov. 30
Has reorganized department; much work remains
By Mary Ann Meek
Staff Writer
After five months as university treasurer, Peter Cheung will leave his position Nov. 30 to accept a job in Beverly Hills.
Cheung, who took over as treasurer last July, has reorganized his department and increased investment income but said there is still much work to be done.
Cheung emphasized that he is leaving the university for favorable reasons antjd added that he has enjoyed his job.
Hired as a financial analyst upon graduation from the university’s business school in 1975. Cheung said he has accepted a post as chief financial officer at a Beverlv Hills coroo-ration.
“We didn’t know where the (university’s) cash was or where the bank accounts were, there were so many,” Cheung said of his early weeks as treasurer.
After reorganizing the department so that all the money was situated in one place, Cheung said it was then possible to invest the funds and increase investment income.
As treasurer, Cheung was able to raise investment income from $2 million to $9 million per year. “If I stayed, I think the number could go up to $12 million next year,” said Cheung, who added that con-
tinued increases or decreases will depend upon whoever replaces him as treasurer.
“There is still a lot to be done here,” Cheung said. “If there isn’t, then the institution is not progressing.”
Cheung called the amount of work left a “barometer for progression.”
The primary matter the university needs to concentrate on is bringing in more investment income, the treasurer said.
“The rate of return is the income divided by the investment balance,” the treasurer explained, adding that the rate differs from investment to investment, depending on the type.
“If the investment is in stocks, then it is more complicated,” he explained. Stocks may not show immediate return but have potential appreciation.
“The spending rate is based on all investment income we earn,” Cheung said, explaining that money is not all spent because of specified requirements made by the donors or the university. The spending rate, he added, is currently between six and seven percent.
In addressing student concern over tuition increases, Cheung said, “Students are looking for ways to solve the university’s problems,” but students do not understand
that restricted money cannot be used to offset budget problems.
“People donate money for a perpetual cause,” the treasurer said.
He explained that if this money were simply spent, the principal would run out. Instead, it is invested and some-
thing such as a scholarship is set up with the interest.
An endowment inherently means investment, Cheung said. However, some persons donate to the university in the form of a gift.
“A gift without restrictions becomes income, and we can. collect less from the students,”
Cheung said. If the gift is restricted, he added, this does not solve the problem of raising money for university ex-penditur \
“Most gilts are restricted because people understandably want their names to be identified.”
(Continued on page 8)
RELATION TO CLASS TIME
Unit system to be re-examined
The Presidents Advisory Committee will meet port said, adding that any exceptions should be Tuesday to re-examine an Academic Affairs approved or rejected In their "appropriate de-Committee report defining guidelines by which partment chairperson and dean." unit value and scheduled class time may coin- Peyton Fisher, who chairs tin* academic coincide. mittee's Research Action Unit criticized this At its October meeting, tlie advisory committee suggestion, explaining that important academic considered and sent back to thejcademic com- decisions would be randomly made “at the most inittee its study ot the report because ol an ap- base level of the curriculum strm lure." parent ambiguity regarding tuition cost and the “Instead of leaving these decisions to individ-amount of instruction in a < ourse. uai departments, we want to set strict guidelines The academic committee's report delined a tor the curriculum structure." she said, adding four-unit universitv i lass as one whit h should that both advison committee and Student Senate meet four hours a week, allow ing a student 4(1 academit committee members intend to propose to 45 hours of full-time stud\. that a subcommittee be lormed to define appro-Althpugh the report acknowledged that certain priate guidelines, c lasses, such as three-hour-per-u eek ( lasses. 'The report was good and had good intentions, might present inconsistencies, it recommended but it also had that big loophole." she said accepting the discrepancy, noting that the value The report was written in June 1UHI. In the of a class can involve more than class attendance advisory committee's Task Force Committee in hours. an attempt to identity possible methods of deal-A four-unit class, for example, might also re- ing with the inconsistencies ot unit credit and quire extracurricular independent studv. the re- < lass hours.
INTENTIONAL

57
Volume XCI Number ^
trojan
University of Southern California
Monday, November 23, 1981
Accreditation reaffirmed by judging commission
By Laura Rodriguez
Assistant City Editor
The university's accreditation with the Western Association of Schools and Colleges was reaffirmed after the commission reviewed the university’s actions of the past five years.
The accreditation team visited the campus in the spring and discussed its observations with administrators, faculty and the university president.
because the senior vice presidents’ positions had not been filled.
Since that time, however, President James
H. Zumberge has defined the responsibilities of the vice presidents and their interrelation with other university components.
The collegiate association said that another clarification within the governing body of the administration was needed concerning the roles of the Board of Trustees and the President’s Advisory Council. Although the coun-
‘The restructuring of general education requirements and the university’s involvement in the community were noted as effective methods of enhancing the educational program. ’
Representatives of the university prepared a self-study report that reviewed modifications of the university since the last accreditation, and evaluated its accomplishments and deficiencies.
The collegiate association mentioned the following among the notable aspects of the university's progress: increased academic standards for students, challenging promotion standards for faculty, the continued ability to obtain financial support for associated enterprises as well as grants and contracts, and the extension of student services.
The commission also commended the university for its emphasis on research and scholarship. Even though federal budget cutbacks are evident, the members of the commission said they felt the university needs to hasten research in some departments.
The association reported that it foresees positive results in the Office of the President, though adding that the authoritative structure was unstable at the time of their evaluation
cil’s role as communicator between students and staff apparently has been reinforced, the commission said that Faculty Senate power as a faculty channel has weakened.
The restructuring of the general education requirements and the university’s involvement in the community were noted as effective methods of enhancing the educational program. However, the commission said the university employed an excessive number of part-time faculty members.
During the previous accreditation process, the members of the association said they believed that the university library holdings and undergraduate student services were insufficient. Since then, the university has taken appropriate steps toward correcting the deficiencies in these areas, though the commission stressed that the university continue to fully achieve these goals.
(Continued on page 8)
Staff photo by Rob Potter
THE THRILL OF VICTORY — Place-kicker Steve Jordan rejoices the blocked kick that gave the Trojans a 22-21 win. Jordan kicked the PAT that gave (JSC the winning edge.
University treasurer to leave post Nov. 30
Has reorganized department; much work remains
By Mary Ann Meek
Staff Writer
After five months as university treasurer, Peter Cheung will leave his position Nov. 30 to accept a job in Beverly Hills.
Cheung, who took over as treasurer last July, has reorganized his department and increased investment income but said there is still much work to be done.
Cheung emphasized that he is leaving the university for favorable reasons antjd added that he has enjoyed his job.
Hired as a financial analyst upon graduation from the university’s business school in 1975. Cheung said he has accepted a post as chief financial officer at a Beverlv Hills coroo-ration.
“We didn’t know where the (university’s) cash was or where the bank accounts were, there were so many,” Cheung said of his early weeks as treasurer.
After reorganizing the department so that all the money was situated in one place, Cheung said it was then possible to invest the funds and increase investment income.
As treasurer, Cheung was able to raise investment income from $2 million to $9 million per year. “If I stayed, I think the number could go up to $12 million next year,” said Cheung, who added that con-
tinued increases or decreases will depend upon whoever replaces him as treasurer.
“There is still a lot to be done here,” Cheung said. “If there isn’t, then the institution is not progressing.”
Cheung called the amount of work left a “barometer for progression.”
The primary matter the university needs to concentrate on is bringing in more investment income, the treasurer said.
“The rate of return is the income divided by the investment balance,” the treasurer explained, adding that the rate differs from investment to investment, depending on the type.
“If the investment is in stocks, then it is more complicated,” he explained. Stocks may not show immediate return but have potential appreciation.
“The spending rate is based on all investment income we earn,” Cheung said, explaining that money is not all spent because of specified requirements made by the donors or the university. The spending rate, he added, is currently between six and seven percent.
In addressing student concern over tuition increases, Cheung said, “Students are looking for ways to solve the university’s problems,” but students do not understand
that restricted money cannot be used to offset budget problems.
“People donate money for a perpetual cause,” the treasurer said.
He explained that if this money were simply spent, the principal would run out. Instead, it is invested and some-
thing such as a scholarship is set up with the interest.
An endowment inherently means investment, Cheung said. However, some persons donate to the university in the form of a gift.
“A gift without restrictions becomes income, and we can. collect less from the students,”
Cheung said. If the gift is restricted, he added, this does not solve the problem of raising money for university ex-penditur \
“Most gilts are restricted because people understandably want their names to be identified.”
(Continued on page 8)
RELATION TO CLASS TIME
Unit system to be re-examined
The Presidents Advisory Committee will meet port said, adding that any exceptions should be Tuesday to re-examine an Academic Affairs approved or rejected In their "appropriate de-Committee report defining guidelines by which partment chairperson and dean." unit value and scheduled class time may coin- Peyton Fisher, who chairs tin* academic coincide. mittee's Research Action Unit criticized this At its October meeting, tlie advisory committee suggestion, explaining that important academic considered and sent back to thejcademic com- decisions would be randomly made “at the most inittee its study ot the report because ol an ap- base level of the curriculum strm lure." parent ambiguity regarding tuition cost and the “Instead of leaving these decisions to individ-amount of instruction in a < ourse. uai departments, we want to set strict guidelines The academic committee's report delined a tor the curriculum structure." she said, adding four-unit universitv i lass as one whit h should that both advison committee and Student Senate meet four hours a week, allow ing a student 4(1 academit committee members intend to propose to 45 hours of full-time stud\. that a subcommittee be lormed to define appro-Althpugh the report acknowledged that certain priate guidelines, c lasses, such as three-hour-per-u eek ( lasses. 'The report was good and had good intentions, might present inconsistencies, it recommended but it also had that big loophole." she said accepting the discrepancy, noting that the value The report was written in June 1UHI. In the of a class can involve more than class attendance advisory committee's Task Force Committee in hours. an attempt to identity possible methods of deal-A four-unit class, for example, might also re- ing with the inconsistencies ot unit credit and quire extracurricular independent studv. the re- < lass hours.
INTENTIONAL